Friday, June 16, 2023 9:35:37 PM
Actually my thoughts are much in line with anyone else that is holding BWMG stock. When the stock goes up the gains will be astronomical. But, as I have mentioned before, this is a " show me " stock. Or to put it in simple terms the financial results will need to improve before you can expect a higher stock price. The sales were improving at a good rate until the last quarter which had a one time event with the recall. But as I mentioned in my prior post I was disappointed that almost all parts of the business reported weak sales. I need to go back and read the release again but I don't remember any management discussion or explanation for that. BWMG seems to make high quality products that are preferred by divers so the slowdown in the sales are probably related to an overall economic condition rather than issues with the offerings. One down quarter doesn't make a trend so I will wait this out. Consumers have been hit hard with higher prices for everything so it seems reasonable that they need to be more cautious where they spend their money. Management seems to be doing all the right things... If they can get the sales up the margins will improve and that will be reflected in the stock price.
The only place where success comes before work is in the dictionary
Recent BWMG News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 08:27:11 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 07:07:39 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 04:55:11 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:01:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/29/2023 04:34:38 PM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM